Meridian Wealth Management LLC Makes New Investment in Rubrik, Inc. $RBRK

Meridian Wealth Management LLC acquired a new stake in shares of Rubrik, Inc. (NYSE:RBRK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,305 shares of the company’s stock, valued at approximately $296,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allworth Financial LP increased its position in Rubrik by 1,030.8% in the 2nd quarter. Allworth Financial LP now owns 294 shares of the company’s stock valued at $26,000 after buying an additional 268 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in Rubrik in the second quarter valued at approximately $27,000. Beacon Capital Management LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $29,000. Catalyst Capital Advisors LLC bought a new stake in shares of Rubrik during the second quarter valued at approximately $36,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Rubrik during the first quarter worth approximately $30,000. Institutional investors own 49.54% of the company’s stock.

Rubrik Price Performance

RBRK opened at $68.76 on Wednesday. Rubrik, Inc. has a fifty-two week low of $42.50 and a fifty-two week high of $103.00. The firm has a market capitalization of $13.58 billion, a P/E ratio of -29.39 and a beta of 0.20. The company’s 50-day moving average is $77.63 and its 200 day moving average is $84.59.

Rubrik (NYSE:RBRK) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.31. The firm had revenue of $309.86 million during the quarter, compared to analysts’ expectations of $282.25 million. During the same quarter last year, the business posted ($0.40) EPS. The company’s quarterly revenue was up 44.9% on a year-over-year basis. Rubrik has set its Q3 2026 guidance at -0.180–0.160 EPS. FY 2026 guidance at -0.500–0.440 EPS. On average, equities research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on RBRK shares. CIBC lifted their price target on shares of Rubrik from $125.00 to $130.00 and gave the company an “outperformer” rating in a research report on Thursday, September 11th. Oppenheimer initiated coverage on shares of Rubrik in a report on Monday. They set a “market perform” rating for the company. Wall Street Zen downgraded shares of Rubrik from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Berenberg Bank assumed coverage on shares of Rubrik in a research report on Tuesday. They issued a “buy” rating and a $114.00 price target on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $120.00 price target on shares of Rubrik in a research note on Thursday, September 11th. Eighteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $109.69.

Insiders Place Their Bets

In other news, Director John Wendell Thompson sold 9,009 shares of Rubrik stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $82.76, for a total transaction of $745,584.84. Following the sale, the director directly owned 998 shares in the company, valued at $82,594.48. The trade was a 90.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kiran Kumar Choudary sold 6,599 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $74.21, for a total transaction of $489,711.79. Following the transaction, the chief financial officer owned 516,184 shares of the company’s stock, valued at approximately $38,306,014.64. The trade was a 1.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 128,466 shares of company stock worth $10,113,568 in the last ninety days. Company insiders own 32.38% of the company’s stock.

Rubrik Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.